What Happened
Chipmaker Reveals Significant Holding in Elon Musk's Rocket Company
Nvidia Corp. has disclosed a $21 billion stake in Space Exploration Technologies Corp., according to a Securities and Exchange Commission filing reported by CNBC. The chipmaker’s investment in SpaceX came through its stake in xAI, which SpaceX acquired in February. Nvidia’s stake is based on 122.8 million Class A shares, and the company has pledged to build its AI stack exclusively on Nvidia’s next-generation Vera Rubin systems. The disclosure was reported by CNBC, citing Nvidia’s SEC filing and other sources.